Nike To Slash Over 700 US Distribution Jobs Amid Automation Push: Report

In a bid to enhance profitability and expedite the use of automation, Nike Inc. (NYSE:NKE) has reportedly decided to lay off 775 employees at its U.S. distribution centers.

More Layoffs At Nike Amid Industry Changes

The layoffs, announced by the sneaker giant, are in addition to the 1,000 corporate job cuts disclosed last summer, reported CNBC on Monday. Most of the job cuts will impact distribution center positions in Tennessee and Mississippi, where Nike runs its major warehouses.

Nike did not immediately respond to Benzinga‘s request for comment.

The decision to cut jobs at Nike’s distribution centers comes amid a broader trend of restructuring in the retail industry. Macy’s Inc. (NYSE:M) recently announced the closure of several facilities in Connecticut, leading to over 1,000 layoffs as part of its ...